Kotak Banking and PSU Debt Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 64 (Category Avg - 60.76) | Modified Duration 3.24 Years (Category Avg - 2.97)| Yield to Maturity 6.90% (Category Avg - 6.68%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	20.18%	14.57%
CD	0.00%	5.77%
T-Bills	0.00%	0.04%
CP	0.00%	0.09%
NCD & Bonds	76.37%	73.55%
PTC	0.00%	0.84%

Category - Banking and PSU Fund

Security Type	% Weight	Category Average
Government Backed	20.18%	14.60%
Low Risk	76.37%	80.25%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Banking and PSU Fund

Debt holding in Portfolio (as on 30th Nov,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	3386.23	5.94%	33.00 k
Bond - Govt of India	GOI	Other			2366.30	4.15%	2.43 Cr
Bond - National Housing Bank	NCD & Bonds	Financial institution	CARE AAA	CARE	2237.74	3.92%	22.50 k
Bond - Govt of India	GOI	Other			2008.44	3.52%	1.93 Cr
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	1948.11	3.42%	19.00 k
Bond - Govt of India	GOI	Other			1718.28	3.01%	1.72 Cr
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	1643.01	2.88%	20.00 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	1571.70	2.76%	1.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	INDAAA	FITCH	1551.95	2.72%	15.00 k
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	1441.09	2.53%	1.45 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1391.77	2.44%	13.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1331.16	2.33%	13.00 k
Bond - Govt of India	GOI	Other			1321.93	2.32%	1.30 Cr
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1276.21	2.24%	1.25 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1273.73	2.23%	12.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1272.31	2.23%	12.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	1119.07	1.96%	11.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1037.48	1.82%	1.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1025.77	1.80%	10.00 k
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1021.96	1.79%	1.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1018.71	1.79%	1.00 k
Bond - ICICI Bank Ltd.	NCD & Bonds	Private sector bank	LAAA	ICRA	999.98	1.75%	100.00
Bond - National Bank for Financing Infrastructure and Development	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	993.17	1.74%	10.00 k
Bond - Union Bank Of India	NCD & Bonds	Public sector bank	CARE AA+	CARE	976.44	1.71%	964.00
Bond - Govt of India	GOI	Other			916.38	1.61%	90.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	823.53	1.44%	8.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	805.65	1.41%	8.00 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	773.89	1.36%	7.50 k
Bond - Food Corporation of India Ltd.	NCD & Bonds	Other agricultural products	AAA	CRISIL	770.07	1.35%	739.00
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	LAAA	ICRA	768.14	1.35%	7.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	767.27	1.35%	7.50 k
Bond - Govt of India	GOI	Other			768.14	1.35%	74.32 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	766.05	1.34%	7.50 k
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	739.65	1.30%	10.53 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	722.85	1.27%	700.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	624.43	1.10%	605.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	592.39	1.04%	600.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	527.41	0.93%	500.00
Bond - Govt of India	GOI	Other			520.85	0.91%	50.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	512.64	0.90%	5.00 k
Bond - Food Corporation of India Ltd.	NCD & Bonds	Other agricultural products	AAA	CRISIL	511.68	0.90%	500.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	511.34	0.90%	5.00 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	510.09	0.89%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	509.86	0.89%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	500.47	0.88%	5.00 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	AAA	CRISIL	500.41	0.88%	5.00 k
Bond - Govt of India	GOI	Other			502.34	0.88%	50.00 L
Bond - Mahanagar Telephone Nigam Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	BWR AA+	BRICKWORK	491.92	0.86%	500.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	468.30	0.82%	4.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	CARE AAA	CARE	459.22	0.81%	4.50 k
Bond - Govt of India	GOI	Other			403.13	0.71%	40.00 L
Bond - Govt of India	GOI	Other			397.56	0.70%	38.50 L
Bond - Govt of India	GOI	Other			306.71	0.54%	30.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	255.23	0.45%	250.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	254.77	0.45%	2.50 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	254.62	0.45%	2.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	INDAAA	FITCH	254.43	0.45%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	249.59	0.44%	2.50 k
Bond - Govt of India	GOI	Other			167.87	0.29%	16.67 L
Bond - Govt of India	GOI	Other			99.98	0.18%	10.00 L
Bond - Mahanagar Telephone Nigam Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	CARE AAA	CARE	50.33	0.09%	500.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	26.57	0.05%	25.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	10.31	0.02%	10.00
Bond - Govt of India	GOI	Other			4.35	0.01%	43.90 k

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	2.88%
Net Receivables	Net Receivables	0.31%
TREPS	TREPS	0.26%

Kotak Banking and PSU Debt Fund - Direct Plan - Growth

Portfolio Summary (as on 30th Nov,2025)

Debt holding in Portfolio (as on 30th Nov,2025)

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